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4030 MARTIN LUTHER KING JR WAY OAKLAND, CA 94609
- Commercial / Resale (MLS)
Property Details for 4030 MARTIN LUTHER KING JR WAY, OAKLAND, CA 94609
Features
- Lot Size: 0.109 acres
- Total Units: 8
- Stories: 200
- Roof Type: FLAT
- Construction Type: Wood
- Exterior Walls: Stucco
Facts
- Year Built: 01/01/1923
- Property ID: 897288661
- MLS Number: 41063575
- Parcel Number: 12-1012-33-2
- Property Type: Commercial
- County: Alameda
- Legal Description: LOT: 00002 BLK: 0033 AR: 0012 PAGE: 1012
Description
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
This listing is NOT a foreclosure. The Mitchell Warren Team is pleased to present 4030 Martin Luther King Jr Way, a well-maintained 9-unit mixed-use investment property located in Oakland's Temescal neighborhood. The property consists of two 2-bedroom, 1-bathroom units, four 1-bedroom, 1-bathroom units, one large studio unit, and two ground-floor commercial spaces. The current ownership has completed a substantial number of interior and exterior improvements including a new roof, electrical and plumbing upgrades, significant unit renovations, and fresh exterior paint.. The units are individually metered for electricity, gas, AND WATER minimizing the operating expenses. The property offers excellent in-place income with significant upside potential. This highly sought-after location will continue to attract premium tenants and maintain a low vacancy rate. The property is ideally located less than two blocks from Telegraph Avenue in Oakland's Temescal neighborhood. Residents benefit from a range of restaurant choices including Homeroom, Cholita Linda, and Bakesale Betty, as well as a variety of other restaurants and shopping options. Commuters will appreciate the close proximity of the Macarthur BART Station just one block away offering access to the entire Bay Area. 92 Walk Score!
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